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Kjekk Company purchased a patent for $180,000 on May 1, 2017 . The patent had a remaining legal life of 15 years, but Kjekk estimates

Kjekk Company purchased a patent for $180,000 on May 1, 2017. The patent had a remaining legal life of 15 years, but Kjekk estimates it will contribute to cash flows for only more 10 years. What is the amortization expense for the patent on December 31, 2017?

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